OFF MARKET

271 Huntingdale Road
Oakleigh VIC 3166

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 627m2
Land area: 562m2
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Last updated 11 Nov 2024
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Property Details for 271 Huntingdale Rd, Oakleigh

271 Huntingdale Rd, Oakleigh is a 2 bedroom, 2 bathroom Unit. The property has a land size of 562m2 and floor size of 627m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
Unit
Floor Size
627m2
Land Size
562m2
Local Government
Monash
Lot/Plan
40/LP11288

Last Listing description (June 2022)

Ray White Commercial Oakleigh is pleased to offer 271 Huntingdale Road Oakleigh to market by way of Public Auction on Wednesday 13th April 2022 @ 12:00 pm. Highly sought after and tightly held properties like these do not come up very often.

If you are searching for a secure and long term investment property that ticks all the boxes then this is the one for you. This is a great opportunity to purchase an asset with excellent growth opportunities and with a current long term lease in place to Tang Chinese Cuisine.

The property is situated in the prime Huntingdale Road shopping strip with easy access to Princes Highway and North Road. The property comprises of a total building area of 605m2* which includes 535m2* on ground level plus a modern two (2) bedroom / two (2) bathroom caretakers residence of 70m2* on the first floor, with its own private entrance. The property is conveniently 260m* walk to Huntingdale Train Station and is also a short 3km*drive away from Oakleigh Central.

The property has been trading as Tang Chinese restaurant since 2018 with three (3) further terms of five (5) Years. Returning $101,920 per annum (As of 15th June 2022). The business was acquired by new owners in September 2021 who have a vested interested in remaining for the long term.

We highly recommend the property for your consideration as it offers the opportunity to buy:

Prime Freehold with further upside potential (STCA)
Unique opportunity to own a highly sought after hospitality investment
Leased to established Chinese Restaurant since 2018
Substantial freehold asset in thriving location
Close to major arterials and public transport
Excellent surrounding amenities

Inspection Times

21st March - 12:00pm-12:30pm

28th March - 12:00pm-12:30pm

4th April - 12:00pm-12:30pm

11th April - 12:00pm-12:30pm

To Register to Bid Online: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property:

https://anywhereauctions.com.au/app/property?propertyId=21863

For further information please contact one of the exclusive marketing agents:

Ryan Amler | 0401 971 622
Simon Liang | 0451 954 318

*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agent.

Property History for 271 Huntingdale Rd, Oakleigh, VIC 3166

A timeline of how this property has performed in the market
Last Sold
$2,305,000
14 Apr 2022
Listed for Rent
$395/w
14 Mar 2017
  • 14 Apr 2022
    Sold for $2,305,000
  • 11 Mar 2022
    Listed for Sale AUCTION
  • 02 Mar 2017
    Listed for Rent - Price not available
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About Oakleigh 3166

The size of Oakleigh is approximately 3.5 square kilometres. It has 11 parks covering nearly 10.8% of total area. The population of Oakleigh in 2011 was 7,534 people. By 2016 the population was 7,891 showing a population growth of 4.7% in the area during that time. The predominant age group in Oakleigh is 20-29 years. Households in Oakleigh are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh work in a professional occupation. In 2011, 67.3% of the homes in Oakleigh were owner-occupied compared with 64.4% in 2016.

Oakleigh has 5,454 properties. Over the last 5 years, Houses in Oakleigh have seen a 14.57% increase in median value, while Units have seen a -1.09% decrease. As at 31 October 2024:

  • The median value for Houses in Oakleigh is $1,284,232 while the median value for Units is $600,636.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 15 properties listed for sale, and 16 properties listed for rent in Oakleigh on OnTheHouse. According to CoreLogic's data, 216 properties were sold in the past 12 months in Oakleigh.

Suburb Insights for Oakleigh 3166

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.